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2021 Q1 Office Columbia Report

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Columbia office market is healthy, despite the pandemic

Key Takeaways

  • Corporate employers likely to reduce office footprint
  • Local and regional employees return to offices
  • Rental rates remain constant
  • Tenants still unwilling to make long-term commitments 
  • In-person office tours increase

The Columbia office market is healthy despite some softening in the market. As the distribution of the COVID-19 vaccine continues, more employees are returning to the workplace. Coupled with substantial inward migration during 2020, demand should expand the need for additional office space, increasing absorption and eventually forcing the overall vacancy rate downward. 

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2021 Q1 Office Columbia Report

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Related Experts

Henry Roe

Vice President

Columbia

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Tommy Johnson

Vice President

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I am a Vice President of Colliers International | South Carolina.  I have been with Colliers since 2003 with my primary focus on office properties. My principal concentration is representing landlords of multi-tenant office buildings. I also consult with and represent clients requiring assistance with the buying, leasing and selling of office properties.

As a very analytical person, I strive to understand the details of each client’s unique goals and objectives to maximize the value and effectiveness of my clients’ real estate decisions through the in-depth review of market data and analytical models. I enjoy solving problems and finding creative ways to help my clients win. 
 

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Allen Wilkerson

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I specialize in consulting services, office leasing advisory and commercial property acquisition advisory. My expertise is in representing, or consulting for, local ownership entities, regional and national real estate investment trusts (REITs) and private equity funds. My goal is to provide guidance that assists in better business planning, strategic analysis and asset appreciation.

I believe it’s imperative to fully understand a client’s vision in order to help them meet both their short-term and long-term objectives. My goal is to listen closely and provide sound guidance.

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Mary Teaster

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My focus is local office brokerage, with a focus on tenant representation as well as buyer and seller representation. 

I have over 40 years of experience in the the Midlands business community and I strive to bring a positive attitude and passion for the area and its attributes. As a problem solver with “big picture” vision, my professional and personal strength is networking and establishing strong relationships. I possess extensive experience in working with small business owners, professionals and non-profit organizations.

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Tommy Tapp

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As a Senior Brokerage Associate with Colliers | South Carolina, my primary areas of expertise are in the leasing and sales of office, retail and user properties. My focus is on my clients, representing them with their acquisition, disposition and leasing needs.

My number one priority is providing responsive customer services to make sure that my client’s requirements are being met. As someone who understands the demands of being a business owner, I can relate to the challenges they face and help them reach their real estate objectives. I strive to carefully assess my clients’ needs, analyze the market from their perspective, identify opportunities and guide them through the decision making process to successfully reach their goals.

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